Reliable Cellular Incorporated is experiencing a period of growth. Earnings and dividends are expected to grow at a rate of 8% during the next two years, and at a constant rate of 5% thereafter. The last dividend was $0.55, and the required rate of return on the shares is 7%

Required:

a) Calculate the price of a share today. (Timeline required.)

b) What is the price of the share (estimated) at the end of the first year.

c) Calculate the dividend yield, capital gains yield, and the total return for Year 1.

PLEASE SHOW PROPER WORK